Looking at the marketbull.co.uk website, one might say we are dealing with the best broker of 2021. However, do not just rush yet. Let’s see is Marketbull regulated, where it is based, and how it operates. Then, we’re sure you will change your mind.
We will start our honest Marketbull review with a regulatory matter.
|Broker status:||Unregulated European Broker|
|Regulated by:||No Regulation (Unlicensed Brokerage)|
|Broker Owner:||Market Bull Ltd|
|Marketbull Minimum Deposit:||$1000|
|Crypto Assets:||Available (BTC, ETH, XRP)|
|Available Trading Assets:||Cryptos, FX, Commodities, Indices, Futures|
|Islamic Account:||Not Available|
|Free Demo Account:||No|
|Accepts US clients:||Not Accepted|
Marketbull Regulation and Licensing Details
Marketbull is a brand of the company Market Bull Ltd registered in the UK. It’s a relatively new broker, established in January 2021. Since it’s a company from England, it should have an FCA regulation for providing financial services.
What’s Wrong With Marketbull License and Regulation?
Logically, the first thing we did, researching the FCA register, looking for Marketbull regulation. Unfortunately, our search gave no results. The company is the UK registered business, but not a regulated one.
We would advise you to find a company that is, unlike Marketbull broker, regulated by a Tier 1 regulatory body such as ASIC or BaFin.
Marketbull Platform Review – Trading Software
To be fair, Marketbull forex broker did try to provide the best trading conditions. After reviewing the Marketbull trading platform, we were pleased to see that the company is offering an MT4. Yet it provides unregulated leverage of up to 1:1000, which puts your funds at tremendous risk.
Bogus brokers, such as this one, try to lure their clients with a good platform and high leverage, promising that such leverage can only help increase your profit. But nobody tells you it’s exposing your funds to 1,000 times higher risk. Be careful with your funds.
Assets You Can Trade With Broker
The brokerage offers trading with:
- Currency pairs
- Cryptocurrencies (Cryptos)
To start trading, Marketbull minimum deposit is $1,000, which is exceptionally high for an unregulated shady broker. Since you have no guarantee that you will be reimbursed in case of a scam, investing such an amount could harm your budget heavily.
Unfortunately, seeing anything about deposits and withdrawals is impossible before opening an account, which is another red flag. Why would anyone deposit such a big deposit without knowing under what conditions can they withdraw their money?
Marketbull Withdrawal Issues – Unable to Withdraw
Since the company does not disclose any withdrawal conditions prior to depositing, no wonder many clients are experiencing issues. According to Marketbull reviews, clients are overcharged for their withdrawals. If the amount you want to withdraw is significant, you will simply be declined due to different excuses. You didn’t file complete documentation.
Something is missing, now is not a good time. All in all, you won’t be able to withdraw any funds, only to deposit more and more.
Scammed by Marketbull broker? We Know What to Do!
Being scammed by an illicit broker is not a shame. It can happen to anyone. Global Fraud Protection recently discovered numerous reviews from victims of Marketbull scam. All you need to do is report it and request a chargeback.
If you were scammed by Marketbull or any other fraudulent broker, let us know. We would love to hear your story and help you out. Our support is waiting on the chat. Book your free consultation, and let’s see how to get your money back today!
Don’t Let the Scammers Go Away for Free!
What is Marketbull?
It is an unregulated online trading brokerage based in the UK without license.
Is Marketbull regulated and licensed?
Broker has no regulations nor licenses to provide financial services. Beware of fraud!
Are My Funds Safe with Marketbull?
Since it is not regulated, your funds are not safe with the broker. Think twice before taking any risks while investing money!
Does Marketbull Offer a Demo Account?
No, broker does not offer any kind of a Demo account to its clients, only live account.